Nordic Capital sells Neonet

The exit will generate returns for Nordic Capital Fund VII, though financial details have not been disclosed. Nordic Capital will retain a minority stake in the company, while KAS Bank will hold a 20% share. The transaction is subject to approval by the Swedish Financial Supervisory Authority.

Previous Funding
Neonet was initially a part of Orc Group, which Nordic Capital acquired earlier this year for SEK 2bn. Neonet was separated from its parent and has been run as an independent company since March.

Company
Neonet offers electronic trading and brokerage services in Europe. It targets institutional investors and other financial market participants seeking execution services based on advanced software. It is based in Stockholm.

People
Christian Frick and Fredrik Näslund led the initial investment in Orc Group for Nordic Capital.

Advisers
Vendor - HDR Partners (Corporate fianance); Sandler O'Neill + Partners, L.P (M&A).
Acquirer - Deloitte (Financial due diligence).

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• Topics
• Nordics
• Exits
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• Nordic Capital
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